EU: Trade agreement instructions, exports to Canada | KPMG | GLOBAL

EU: Trade agreement instructions, exports to Canada

EU: Trade agreement instructions, exports to Canada

The European Commission today released instructions for EU exporters with respect to transactions and trade with Canada in preparation for implementation of a “comprehensive economic and trade agreement” (CETA) between the EU and Canada, signed in October 2016.

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The CETA [PDF 5.51 MB] aims to provide EU businesses with opportunities in Canada. To benefit from preferential tariff treatment under CETA, businesses must complete the following steps:

  • Apply for a registered exporter (REX) number
  • Send the completed form to the national customs office 
  • Obtain a REX number as assigned to indicate on the origin declaration to be provided on the commercial document that describes the product

On satisfying these actions, the originating product would be expected to benefit from CETA on the basis of the origin declaration.

 

Read TaxNewsFlash-Trade & Customs on the CETA.

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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